the supreme court is also going to take up the prop 8ng how they rule on it it may be good for california only. it may apply nationwide. one other quick one, chuck. california defeated a proposition that would have done away with the death penalty. >> also the marijuana laws aren't there federal laws that trump state laws here? how does this work? >> well there are whether they will trump them in i think what's going to happen here is the federal government is going to turn a blind eye to the recreational use of marijuana in these states as long as people don't abuse the state law and have enormousç amounts. as a practical matter federal drug agents don't want to prosecute people for an ouncea. e spshlspecially in a state it to happen. and it's telling that several former drug agents several former people who ran dea asked the justice department to oppose these measures and it wouldn't. >> pete williams with all things ballot initiatives and the legalities of them all. thank you, sir. >>> before we run to break, i got to show you this. the markets are way down this morning. europe was dr